Mandaue City reclamation project expected to proceed

Development of the 131-hectare reclamation and urban project in Cebu is expected to move forward with the Supreme Court upholding the legality and enforceability of the joint venture agreement between Global City Mandaue Corp. (GMC) of former congressman Michael "Mikee" Romero and the city government of Mandaue.

- By RICHMOND MERCURIO

The ruling affirms earlier decisions by the Pasig Regional Trial Court and the Court of Appeals, which directed both parties to implement the contractual joint venture agreement signed on Jan. 7, 2014, in good faith and in accordance with its terms.

The decision reinforces the binding nature of the contractual joint venture agreement and compels both parties to fulfill their respective obligations without further delay.

"We welcome the Supreme Court's affirmation of our agreement. GMC is ready to resume work with the City Government of Mandaue and relevant agencies to bring this transformative project to life," GMC legal counsel Hans Santos said.